Namibia under-explored for its petroleum potential
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The National Petroleum Corporation of Namibia (NAMCOR) says there is huge potential for more hydrocarbon or petroleum discoveries to be made in Namibia, with both land and offshore areas underexplored.
This was revealed by NAMCOR experts during a technical session on Namibia's Regional Petroleum Potential at the Namibia International Energy Conference in Windhoek today
During the session, the experts revealed that Namibia is home to four recognised offshore basins and two onshore basins, in which more than 30 exploration wells have been drilled to date.